A Loan Tranche definition

A Loan Tranche means, a tranche of any Funding 2 Intercompany Loan which has been structured so as to reflect the payment obligations on the Notes of the relevant Funding 2 Issuer which are rated A by S&P, A2 by Moody's and A by Fitch at their date of issue;
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Examples of A Loan Tranche in a sentence

  • The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class.

  • As of the date of this Agreement, the aggregate amount of Payments (as defined in the Company Loan Agreement) made by or on behalf of Parent and/or any of Parent’s Subsidiaries to the Lender (as defined in the Company Loan Agreement) in respect of the Tranche A Loan, Tranche B Loan or Tranche C Loan (each as defined in the Company Loan Agreement) equals $48,200,000.

  • The Borrower promises to pay interest on the unpaid principal amount of such [Tranche A Loan] [Tranche B Loan] from the date of such [Tranche A Loan] [Tranche B Loan] until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

  • The Administrative Agent shall designate in the Register the amount of each Lender's Loans and the nature of each such Loan as a Tranche A Loan, Tranche B Loan or Tranche C Loan.

  • The Credit Agreement, among other things, (i) provides for the making of a [Tranche A Loan] [Tranche B Loan] by the Lender to the Borrower, the indebtedness of the Borrower resulting from such Loan being evidenced by this Note and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified.

  • Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Tranche A Loan, Tranche B Loan or Tranche [B]C Loan, as the case may be, made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

  • Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Tranche A Loan, Tranche B Loan or portion thereof to be prepaid, provided that any such notice of prepayment may be revoked without penalty or premium if such prepayment is contingent on a refinancing and such refinancing does not occur for any reason.

  • Upon the making of a Tranche A Loan, Tranche B Loan, Tranche C Loan or Tranche D Loan by a Lender pursuant to this Section 33 2.07(c), the amount so funded shall become due under such Lender's Note and the outstanding principal amount of the Swing-Line Loans shall be correspondingly reduced.

  • Guaranty Federal, at any time in its sole and absolute discretion, may, upon notice given to each other Lender by not later than 12:00 noon (Dallas time) on any Business Day, request that each Lender (including Guaranty Federal) make a Tranche A Loan, Tranche B Loan, Tranche C Loan or Tranche D Loan, as applicable, in an aggregate amount equal to its Percentage Share of the aggregate unpaid principal amount of any outstanding Swing-Line Loans for the purpose of refinancing such Swing-Line Loans.

  • The [Tranche A Loan] [Tranche B Loan] made by the Lender to the Borrower under the Credit Agreement and all payments of principal hereof by the Borrower to the Lender shall be recorded by the Lender and endorsed on the Schedule attached hereto; provided that the failure by the Lender to set forth such [Tranche A Loan] [Tranche B Loan], payments and other information on such Schedule shall not in any manner affect the obligation of the Borrower to repay such Loan in accordance with the terms thereof.

Related to A Loan Tranche

  • Loan Tranche The Series 2007-1 Class 3B1 Notes will fund the Series 2007-1 AA (Class 3B1) Loan Tranche which shall have the following xxxxx:

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan B Commitment means, with respect to each Lender, the commitment of such Lender to make the Term Loan B to the Borrowers in the aggregate amount extended prior to the Amendment No. 9 Effective Date or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement. The Term Loan B Commitment as of the Amendment No. 9 Effective Date is $0.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Existing Tranche has the meaning specified in Section 2.19(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Existing Revolving Credit Class shall have the meaning provided in Section 2.14(g)(ii).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

Most Referenced Clauses

Most Referenced Definitions